Q: I have questions regarding whether to file bankruptcy or not.
I have questions regarding whether to file bankruptcy or not.
1. I have total of over $60000 debts including $12000 on multiple credit cards, $1400 my last apartment, over $50000 on my student loans, and about $600 debt to district court for my traffic ticket. Can I get rid of all my debts, including my student loan and traffic ticket, if I file bankruptcy?
2. If I file bankruptcy, how soon after that my credit score will be rebuild?
Thank you in advance!
A: You cannot discharge the student loans or the fine and cost on the ticket so I’m not sure bankruptcy would help you much.
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